Practice Question 04 E3 The increased use of computerized systems has increased the use of the perpetual, not the periodic inventory system. Which of the following statements about a periodic inventory system is true? Companies determine cost of goods sold only at the end of the accounting period. D Companies continuously maintain detailed records of the cost of each inventory purchase and sale. 0 The periodic system provides better control over inventories than a perpetual system. o The increased use of computerized systems has increased the use of the periodic system. LINK TO TEXT